If Supply Is Perfectly Inelastic, It Follows That a

question 155

Multiple Choice

If supply is perfectly inelastic, it follows that a

• A)rise in price will not change quantity supplied.
• B)fall in price will not change quantity supplied.
• C)rise in price will change quantity supplied by more than a fall in price.
• D)fall in price will change quantity supplied by more than a rise in price.
• E)a and b

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